Azerbaijan to see growth in production & export of natural gas in coming years

Growth will be observed in Azerbaijan in the production and export of natural gas in the coming years, Deputy Energy Minister Elnur Soltanov told journalists, Report informs.

The deputy minister reminded that the main production in Azerbaijan is carried out through the Azerbaijan International Operating Company (AIOC) consortium: “The financial decision is made by the consortium. Of course, the sovereign interests and desires of the Azerbaijani state stand behind this. At the same time, it is an economic decision.”

The capacity of the Trans Adriatic Pipeline (TAP) is 10 billion cubic meters of gas per year.

The TAP AG consortium is considering three scenarios for increasing the pipeline capacity: limited - up to 14.4 billion cubic meters, partial - up to 17.1 billion cubic meters and full - up to 20 billion cubic meters per year.

Azerbaijani Energy Minister Parviz Shahbazov earlier said that in 2022, gas exports from Azerbaijan to Turkey will amount to 8.2 billion cubic meters, and to Europe - 9.1 billion cubic meters.

In 2021, Azerbaijan exported 19.2 billion cubic meters of gas, including 8.2 billion cubic meters of gas to Europe.